Power and gas contracts saw mixed movements this week, with most near-term contracts rising and some seasonal contracts reducing. Day-ahead gas rose 12.5% to 29.80p/th, an eight-month high, continuing to find support from increased gas-for-power demand and ongoing maintenance on the Forties pipeline system. Day-ahead power fell 9.0% to £43.00/MWh, due to rising levels of wind output at the end of the week, but despite a fall in its gas counterpart. October 20 gas saw a large rise amid tightening LNG supplies for this coming Autumn, up 6.5% to 31.04p/th. Most seasonal gas contracts declined this week, down by 1.1% on average. An exception was winter 20 gas which increased 1.0% to 39.05p/th, but summer 21 gas slid 1.5% to 33.68p/th. Most seasonal power contracts followed their gas counterparts, with contracts falling on average by 1.1%. Winter 20 power expanded 0.2% to £51.09/MWh, while summer 21 fell 0.9% to £44.15/MWh. International commodities saw mixed, mostly relatively small, movements. Brent crude oil declined marginally while EU ETS carbon prices extended the previous weeks gains and at times went above €29/t.
Baseload electricity | ||
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Forward curve comparison | Annual October Contract | |
Peak electricity | ||
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Forward curve comparison | Annual October contract | |
Seasonal power prices | ||
Seasonal baseload power contracts | Seasonal baseload power curve | |
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Commodity price movements | ||
Oil and Coal | Carbon | |
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Wholesale price snapshot |